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Last $27.51 USD
Change Today -0.17 / -0.61%
Volume 34.2K
AROW On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

arrow financial corp (AROW) Snapshot

Open
$27.67
Previous Close
$27.68
Day High
$27.90
Day Low
$27.36
52 Week High
07/22/15 - $28.56
52 Week Low
08/1/14 - $24.82
Market Cap
347.6M
Average Volume 10 Days
18.9K
EPS TTM
$1.95
Shares Outstanding
12.6M
EX-Date
09/1/15
P/E TM
14.1x
Dividend
$1.00
Dividend Yield
3.62%
Current Stock Chart for ARROW FINANCIAL CORP (AROW)

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arrow financial corp (AROW) Details

Arrow Financial Corporation operates as the bank holding company for Glens Falls National Bank and Trust Company, and Saratoga National Bank and Trust Company that provide various commercial and consumer banking services, and financial products. The company’s deposit products include demand deposits, NOW accounts, savings deposits, and time deposits. Its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit for working capital needs; commercial construction and land development loans to finance projects; commercial real estate loans to finance real estate purchases, refinancings, expansions, and improvements to commercial properties; consumer installment loans to finance personal expenditures; and residential real estate mortgage loans, as well as personal lines of credit and overdraft protection. The company also maintains an indirect lending program through sponsorship of automobile dealer programs, under which it purchases dealer paper; and sells residential real estate loan originations into the secondary market. In addition, Arrow Financial Corporation provides retirement planning, trust, and estate administration services for individuals; and pension, profit-sharing, and employee benefit plan administration for corporations. Further, it offers insurance agency services specializing in selling and servicing group health care policies and life insurance; property and casualty, and sports accident and health insurance services; and investment advisory services to its proprietary mutual funds, as well as holds a real estate investment trust. The company operates primarily in the northeastern region of New York State in Warren, Washington, Saratoga, Essex, Clinton, and Albany counties, as well as surrounding areas. It owns 29 branch banking offices and leases 9 offices; and owns 2 offices and leases 6 others for insurance agency operations. The company was founded in 1851 and is headquartered in Glens Falls, New York.

513 Employees
Last Reported Date: 03/13/15
Founded in 1851

arrow financial corp (AROW) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $306.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $235.0K
Senior Vice President
Total Annual Compensation: $225.0K
Compensation as of Fiscal Year 2014.

arrow financial corp (AROW) Key Developments

Arrow Financial Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Loans Charged-Off During the Second Quarter Ended June 30, 2015

Arrow Financial Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of $16.16 million compared to $15.14 million a year ago. Income before provision for income taxes was $9.16 million compared to $7.92 million a year ago. Net income was $6.61 million or $0.50 per basic and diluted share compared to $5.52 million or $0.44 per basic and diluted share a year ago. Return on average assets, annualized was 1.09% compared to 1.01% a year ago. Return on average equity, annualized was 12.23% compared to 11.28% a year ago. Return on tangible equity, annualized was 13.94% compared to 12.99% a year ago. For the six months, the company reported net interest income of $32.07 million compared to $29.81 million a year ago. Income before provision for income taxes was $17.69 million compared to $15.55 million a year ago. Net income was $12.16 million or $0.96 per basic and diluted share compared to $10.84 million or $0.86 per basic and diluted share a year ago. The company reported net loans charged-off of $121,000 compared to $105,000 a year ago.

Arrow Financial Corporation Declares Quarterly Cash Dividend, Payable on June 15, 2015

The Board of Directors of Arrow Financial Corporation on April 29, 2015, declared a quarterly cash dividend of $0.25 per share payable June 15, 2015, to shareholders of record June 3, 2015. This represents an increase of 2% over the cash dividend paid in the second quarter of 2014, as a result of the September 29, 2014, 2% stock dividend.

Arrow Financial Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Loans Charged-Off for the First Quarter of 2015

Arrow Financial Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $15,904,000 against $14,672,000 a year ago. Income before provision for income taxes was $8,530,000 against $7,634,000 a year ago. Net income was $5,855,000 or $0.46 basic and diluted per share against $5,320,000 or $0.42 basic and diluted per share a year ago. Return on average assets was 1.06%, and return on average equity was 11.72% for the 2015 first quarter, representing an increase of 7.1% and 5.5%, respectively, from the prior year first quarter. Net interest income - tax equivalent (Non-GAAP) was $18,073,000 against $17,439,000 a year ago. For the first quarter of 2015, the company reported net loans charged-off of $220,000 against $256,000 a year ago.

 

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AROW:US $27.51 USD -0.17

AROW Competitors

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Company Last Change
Canandaigua National Corp $138.14 USD +2.04
Chemung Financial Corp $26.70 USD +0.11
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Independent Bank Corp/MI $13.96 USD +0.49
TrustCo Bank Corp NY $6.24 USD +0.06
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Industry Analysis

AROW

Industry Average

Valuation AROW Industry Range
Price/Earnings 14.2x
Price/Sales 3.8x
Price/Book 1.7x
Price/Cash Flow 14.2x
TEV/Sales 1.9x
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